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Counterpart's products are underwritten by Aspen Specialty Insurance Company (A.M. Best “A” Rating*) and Evanston Insurance Company, a Markel® Company (A.M. Best “A” Rating*).

Crime Insurance

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Company logo
Company logo

Counterpart's products are underwritten by Aspen Specialty Insurance Company (A.M. Best “A” Rating*) and Evanston Insurance Company, a Markel® Company (A.M. Best “A” Rating*).

Protect the company against financial crime, employee theft, and emerging fraud risks.

Get coverage and support needed with Counterpart's leading risk management products and services.

Policy Benefits

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Loss Discovered Coverage

Technology Fraud Enhancements

Broad Definitions of Money

Coverage for losses discovered within the policy period, regardless of when they occurred.

Modern workplace coverages for computer fraud, fund transfer fraud, licensing violations, and more.

Definition of money includes digital currency, crypto currency, or electronic currency.

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Loss Discovered Coverage

Coverage for losses discovered within the policy period, regardless of when they occurred.

icon illustration

Technology Fraud Enhancements

Modern workplace coverages for computer fraud, fund transfer fraud, licensing violations, and more.

messages illustration

Broad Definitions of Money

Definition of money includes digital currency, crypto currency, or electronic currency.

Who’s covered

Counterpart extends coverage to other key stakeholders so they can have peace of mind to do their best work.

  • Employees 
  • Clients 
  • Independent Contractors 
  • Temporary Employees 
  • Interns
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What’s covered

Our standard policy includes all of the most important coverages plus a few new innovations that are designed for the 21st century business.

Loss or damage of money, securities, or other property.

Loss or damage of money, securities or other property sustained by a client or vendor.

Loss resulting from employees forgery, alteration, or counterfeiting of checks and fraudulent use of credit, debit, convenience, stored-value, or procurement payment cards.

Loss of money or securities resulting from theft, or loss of or damage of other property from attempted robbery or safe burglary inside the premises.

Loss of money, securities, or other property resulting from theft in the care and custody of a messenger or armored motor vehicle company or attempted robbery outside the premises.

Loss of money, securities, or other property using a computer to make a fraudulent transfer.

Loss of money or securities from a transfer account at a financial institution resulting from fraudulent electronic transfer instructions without the knowledge or consent of the company 

Loss of money or securities from a social engineering event which results in the transferring of funds to an external party falsely acting as a client, vendor, employee, or executive of the company 

Coverage within a company’s policy may differ from what is shown in What’s Covered. Please refer to the purchased policy terms and conditions for actual coverage and discuss with your broker.

Meet Tiffany Park

Tiffany has worked in various underwriting roles within the Financial Lines division at AIG and most recently helped spearhead the development and digitalization of small business management liability underwriting at Hiscox. She has expertise in strategy development focused on profitable growth and engaging with broker partners nationally.

Tiffany Park
Risk Engineer

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Crime Insurance Claim Examples

Here are some claim examples that illustrate what Crime Insurance covers.

Through a careful review of historical inventory records, order documentation, shipping manifests, and video surveillance footage, a regional grocer discovered that employees were siphoning off partial shipments of meat as they were delivered. The employees were arrested, convicted of grand theft larceny, and sentenced to jail time. More than $150,000 was paid to the insured for stolen goods.

Using a phishing scheme, an unknown criminal gained access to the email of an accounting manager of a healthcare provider which was constructing a new facility. The hacker set up an email account impersonating the GC’s and sent the manager a request to change “their” depository account. The criminal quickly withdrew the funds and disappeared, leaving the insured with a loss of over $2 million. 

After a vendor called and complained that they hadn’t been paid, one West Coast agricultural company learned that someone had fraudulently cashed a check after changing the payee name to an unknown entity while leaving the original amount and signatures. A loss of $25,000 was paid under the crime policy.

These are examples of claims and do not represent claims that would be covered within a company’s policy. Every claim is unique and requires review of the purchased policy terms and conditions on whether the claim is covered.

The facts

Get the coverage you need from insurance experts you can trust.

$290k

Median loss from employee theft cases at small and mid-sized businesses*

68%

Percentage of embezzlement cases that occur in small and mid-size businesses with fewer than 500 employees*

$50b

Employee theft is estimated to cost U.S. business this amount annually**

* Hiscox: 2017 Hiscox Embezzlement Study

**U.S. Department of Commerce

The Counterpart team has been an extremely valuable partner in this evolving marketplace.

Matt Shanks, Executive Vice President - Professional Lines

AmWINS Group

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*Rating as of April 30, 2022. A.M. Best ratings are under continuous review and subject to change. Please refer to Markel’s website and Aspen’s website for the most current information. The rating represents the overall financial status of Evanston Insurance Company and Aspen Specialty Insurance Company, and is not a recommendation of the specific policy provisions, rates or practices of the issuing insurance company.
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